36,000 BTC options are about to expire with a Put Call Ratio of 0.9, a Maxpain point of $45,000 and a notional value of $1.68 billion.
262,000 ETH options are due to expire with a Put Call Ratio of 0.64, a Maxpain point of $2,400 and a notional value of $680 million.
The Bitcoin Spot ETF passed this week as expected, with repeated fake news and breaking news making the market frequently and sharply volatile, and as mentioned early this week, LONG GAMMA will be very cost effective this week.
Short-term IVs peaked ahead of the ETF, and then all major term IVs retreated significantly due to less-than-expected market volatility.
The adoption of the Bitcoin Spot ETF looks like it will bring a lot of incremental capital to the crypto market in the long term, but in the short term there is still significant uncertainty in the market with a number of factors at play, and sharp volatility, like this week's, could continue for several days.
262,000 ETH options are due to expire with a Put Call Ratio of 0.64, a Maxpain point of $2,400 and a notional value of $680 million.
The Bitcoin Spot ETF passed this week as expected, with repeated fake news and breaking news making the market frequently and sharply volatile, and as mentioned early this week, LONG GAMMA will be very cost effective this week.
Short-term IVs peaked ahead of the ETF, and then all major term IVs retreated significantly due to less-than-expected market volatility.
The adoption of the Bitcoin Spot ETF looks like it will bring a lot of incremental capital to the crypto market in the long term, but in the short term there is still significant uncertainty in the market with a number of factors at play, and sharp volatility, like this week's, could continue for several days.